OSI Systems Awarded 10-Year Contract for Cargo Turnkey Screening in Uruguay
October 03 2023 - 8:30AM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ:
OSIS) today announced that its Security division has entered into a
10-year contract to provide a turnkey screening solution to
Uruguay’s Ministry of Economics and Finance for customs screening
applications at ports and borders. The Company is expected to
deploy and integrate EAGLE® T60 high-energy, trailer-mounted
vehicle inspection systems, perform security screening and remote
image analysis utilizing its proprietary CertScan® integration
platform, and provide hands-on operator and management training and
maintenance, service and support.
OSI Systems CEO Deepak Chopra commented, "We are excited to add
another important customer to our roster of turnkey screening
programs and cargo inspection infrastructure initiatives. Through
this partnership, we are bringing our critical operational
expertise and advanced technology security solutions to Uruguay,
which are designed to provide efficiency for customs clearance
processing at ports and borders. We are committed to assisting
Uruguay emerge as a benchmark in regional customs operations with
this initiative.”
The Company has turnkey border and port inspection programs in
operation with multiple international customs, border, and port
authorities. These turnkey inspection programs have proven highly
successful, improving public safety and security and increasing the
accuracy of customs declarations. Under these programs, the
Company, through its S2 Global business, typically manages cargo
scanning equipment, supervises inspection site construction and
network design, and trains local staff to analyze data on the
CertScan platform. This platform integrates images and data like
cargo manifests, biometrics, container and vehicle numbers, and
customs declarations.
About OSI Systems
OSI Systems is a vertically integrated designer and manufacturer
of specialized electronic systems and components for critical
applications in the homeland security, healthcare, defense, and
aerospace industries. The Company combines more than 40 years of
electronics engineering and manufacturing experience with offices
and production facilities in more than a dozen countries to
implement a strategy of expansion into selective end product
markets. For more information on OSI Systems or any of its
subsidiary companies, visit www.osi-systems.com. News Filter:
OSIS-G
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements relate to OSI Systems’ current
expectations, beliefs, and projections concerning matters that are
not historical facts. Forward-looking statements are not guarantees
of future performance and involve uncertainties, risks,
assumptions, and contingencies, many of which are outside OSI
Systems’ control and which may cause actual results to differ
materially from those described in or implied by any
forward-looking statements. Undue reliance should not be placed on
forward-looking statements, which are based on currently available
information and speak only as of the date on which they are made.
OSI Systems assumes no obligation to update any forward-looking
statement made in this press release that becomes untrue because of
subsequent events, new information, or otherwise, except to the
extent it is required to do so in connection with its ongoing
requirements under Federal securities laws. For a further
discussion of factors that could cause OSI Systems’ future results
to differ materially from any forward-looking statements, see the
section entitled "Risk Factors" in OSI Systems’ most recently filed
Annual Report on Form 10-K and other risks described therein and in
documents subsequently filed by OSI Systems from time to time with
the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20231003364657/en/
OSI Systems, Inc. Ajay Vashishat Vice President, Business
Development 310-349-2237 avashishat@osi-systems.com
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